Fixed Income Investor Information
A Strong Financial Foundation
Manageable maturity schedule and strong credit ratings provide financial flexibility for fixed income investors.
| ($ in Millions) | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 and Beyond |
Total | ||
|---|---|---|---|---|---|---|---|---|---|
| PPL Capital Funding | $0 | $0 | $0 | $0 | $650 | $1,396 | $2,046 | ||
| PPL Electric Utilities(1) | $474 | $340 | $650 | $0 | $0 | $3,075 | $4,539 | ||
| Louisville Gas & Electric(1) | $0 | $0 | $0 | $300 | $90 | $1,634 | $2,024 | ||
| Kentucky Utilities(1) | $0 | $13 | $0 | $250 | $164 | $2,215 | $2,642 | ||
| Total Debt Maturities(2) | $474 | $353 | $650 | $550 | $904 | $8,320 | $11,251 |
Note: As of March 31, 2022.
(1) Amounts reflect the timing of any put option on municipal bonds that may be put by the holders before the bonds' final maturities.
(2) Does not reflect unamortized debt issuance cost, unamortized premiums (discounts), and fair market valuation adjustments. At March 31, 2022, this represented a total amount of ($109 million).
Current credit ratings as of March 31, 2022
Senior Unsecured Ratings
| Entity | Moody's | S&P |
|---|---|---|
| PPL Capital Funding, Inc. | Baa2 | BBB+ |
Senior Secured Ratings
| Entity | Moody's | S&P |
|---|---|---|
| Louisville Gas and Electric Company | A1 | A |
| Kentucky Utilities Company | A1 | A |
| PPL Electric Utilities Corporation | A1 | A |
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Moody's cites improved overall business risk profile of PPL's U.S.-focused regulated portfolio.
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PPL’s latest Sustainability Report highlights the company’s progress and approach on a wide range of environmental, social and governance initiatives.
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Sets 2050 net-zero carbon emissions goal, targeting 80% reduction by 2040 and 70% reduction by 2035.
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Individual Investors
- EQ Shareowner Services
- Transfer Agent
- 1-800-345-3085
Institutional Investors
- Andy Ludwig
- VP - Investor Relations
- 610-774-3389
- invrel@pplweb.com